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Tesla Says the Model Y Will Be Launched Ahead of Schedule in Early 2020

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【Summary】During Tesla's third-quarter earnings call, the company confirmed that the introduction of Model Y crossover is ahead of schedule.

Manish Kharinta    Dec 07, 2019 3:00 PM PT
Tesla Says the Model Y Will Be Launched Ahead of Schedule in Early 2020
The Tesla Model Y

After the global debut of Tesla's much anticipated Cybertruck, the next milestone coming up on the electric automaker's calendar is the launch of its first ever crossover, the Model Y. Tesla unveiled the Model Y in March

Initially, the company had planned on launching the electric crossover in the fall of next year, which was then moved up to the summer of 2020. Now, however, during the company's third-quarter earnings call, Tesla has confirmed that the Model Y will be released ahead of schedule.

Several industry reports have revealed that the electric car manufacturer's suppliers in Taiwan are experiencing accelerated orders and the rushed deliveries for of parts for the Model Y. It's an indication that the company is planning on fast-tracking the launch and series production of Model Y as soon as Q1 2020.

It's also possible that Tesla might even accelerate the launch of the Tesla Semi, as its suppliers are also receiving accelerated orders for different components of the truck. 

The Tesla Model Y is a competitively priced crossover that aims to capitalize on the utility vehicle segment and is poised to become big hit for Tesla, given the popularity of crossovers and compact SUVs. Introducing the electric crossover six months ahead of schedule will bode well in Tesla, as the company has failed to meet delivery deadlines on several occasions in the past.

2021-tesla-model-y-interior.jpg

Like all Tesla Models, the Model Y sports a minimalist interior. It also features a panoramic glass roof.

During this week's earnings call, Tesla chief executive Elon Musk assured the company's shareholders that he has road-tested the launch-spec Model Y and he's quite pleased with the end product. Musk also mentioned that he believes the upcoming electric crossover might even outsell Model 3, Model S and Model X, combined. 

So far, Tesla's been tight-lipped about how many Model Y pre-orders have been received by the company.

The Tesla Model Y is based on the same architecture that underpins the mass-market Model 3 sedan and both offerings will share up to 75% of their components. Telsla will first introduce the Long-Range version of Model Y, with prices starting at $47,000. There will also be a Standard-Range version available, which is scheduled to enter production by early 2021.

The fully-electric Long-Range Model Y will offer up to 300 miles of range and can accelerate from 0 to 60 mph in under 5.5 seconds with the top speed of 130 mph.

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